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The current squabble between President Trump and Federal Reserve Chair Jerome Powell has its roots deep in American economic history. Only private infusions of cash from J.P. Morgan alleviated fragile markets. At the request of President Woodrow Wilson, the House Committee on Banking and Finance developed the Federal Reserve Act, signed into law in l913, and…

Wells Fargo& Company, as previously announced, will report its second quarter 2025 earnings results on Tuesday, July 15, 2025, at approximately 7:00 a.m. Eastern time. In addition to being available on the company’ s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at…

From tariffs to rising prices on goods and services, no one has been left untouched by economic uncertainty, especially those in tribal communities. The average American family spends nearly $1,200 a year in higher prices caused by swipe fees. For tribal communities the devastation of these fees is amplified as the poverty rate for American Indians is over 30%,…

In their efforts to offset tax cuts and exert more control over the Federal Reserve, some U.S. legislators have lately focused attention on an otherwise obscure element of monetary policy: The Fed, they argue, should stop paying interest on the cash reserves that banks hold at the central bank. The authority to pay interest on reserves, a power granted to the Fed by…

Pennsylvania "s hospitals and health care providers could be among the biggest losers under President Donald Trump’ s tax cut and spending bill, which passed the U.S. House on Thursday and will be sent to Trump to sign into law. For Pennsylvania hospitals, the cuts amount to about $4.5 billion per year over the next decade, said Nicole Stallings, president and CEO of…

Farmer sentiment weakened in June following two months of improvement, as tracked by the Purdue University/ CME Group Ag Economy Barometer. The barometer dropped 12 points to 146 from the previous month. The barometer survey took place between June 9-13.

Few crowds in Pulaski County are as likely to want to talk business as those involved in the Somerset-Pulaski County Chamber of Commerce— and Julianne Dunn had plenty of info to share for the local business community. A board of governors, composed of seven members nominated by the President of the United States, guide all aspects of the operation of the Federal…

Our news editors obtained a quote from the research from Utah State University,“ This article examines how the election of 1912 changed the makeup of Congress, which increased the likelihood of central banking legislation and shaped the act. The decision of Theodore Roosevelt and other progressives to run as third-party candidates split the Republican…

Wall Street was largely unchanged early Thursday, hovering near record levels ahead of new U.S. jobs data that is expected to show unemployment ticked up to the highest rates since late 2021. Treasury yields edged lower ahead of the highly anticipated June jobs report from the Labor Department. Economists project that U.S. employers added 117,500 jobs last…

Wells Fargo& Co.’ s board of directors is expected to raise the bank’ s quarterly dividend by 5 cents to 45 cents in the next step of emerging from a near 7½- year Federal Reserve- imposed total asset cap. The Fed’ s Board of Governors conducts the stress tests as required by the Dodd-Frank Act. At 45 cents, the Wells Fargo dividend would be within 6 cents of its…

Hester Peirce, commissioner at the U.S. Securities and Exchange Commission and head of the SEC's newly created crypto task force, and Caroline Pham, acting chairman of the U.S. Commodity Futures Trading Commission, each spoke at The Digital Assets Innovation Summit hosted by City& Financial Global on 2 July 2025 in London. Peirce said it is very important for the…

In 2005, my pregnant wife and I moved to California with high hopes. High home prices dashed many of those hopes. To boost the economy, the Federal Reserve cut interest rates, which in turn led to a drop in mortgage rates.

WASHINGTON— Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump's tariffs affect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs. Powell also said that U.S. inflation is likely to pick up…

–Central bankers applauded Federal Reserve Chairman Jerome Powell on Tuesday when he ducked a question about how President Donald Trump's criticism affects his work. Powell was asked at a European Central Bank conference in Portugal how Trump's personal attacks have affected his work at the Federal Reserve. Powell's response drew applause from the…

WASHINGTON— Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump's tariffs affect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs. Powell also said that U.S. inflation is likely to pick up…

President Trump on Monday shared a handwritten note to Federal Reserve Chair Jerome Powell urging him to lower interest rates, his latest attempt to push the central bank to do so. Trump posted on Truth Social complaining that Powell and the rest of the Federal Reserve board of governors "should be ashamed of themselves" for declining to lower interest rates.

Federal Reserve Chairman Jerome Powell Tuesday blamed President Trump’ s unpredictable trade war for keeping interest rates stubbornly high. “We went on hold when we saw the size of the tariffs,” Powell said at a banking conference in Portugal.“ All inflation forecasts for the United States went up materially as a consequence of the tariffs.”.